The9 GameFi Platform the9bit Hits 1 Million Users
Rhea-AI Summary
The9 Limited (Nasdaq: NCTY) announced its GameFi platform the9bit has reached 1 million users within one month of launch. The platform aims to transform traditional gaming experiences by integrating Web3 rewards for game purchases.
Martin Hoon, Head of Web3 at The9 Limited, emphasized the platform's focus on Web2 gamers and announced upcoming Web3 rewards distribution. The company positions the9bit as a Web3.5 initiative combining gaming, players, and finance to disrupt traditional Web2 gaming.
Positive
- Rapid user growth with 1 million users acquired in less than one month
- Successful integration of Web2 gaming with Web3 rewards system
Negative
- No specific details provided about the reward structure or monetization model
News Market Reaction 3 Alerts
On the day this news was published, NCTY declined 3.22%, reflecting a moderate negative market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $131M at that time.
Data tracked by StockTitan Argus on the day of publication.
Quote from Martin Hoon, Head of Web3, The9 Limited
"We extend sincere thanks to its users for their continued support, which has been key to this rapid success. the9bit focuses on Web2 game players and rewards them are through Web3. We will send out the solid Web3 rewards to game players very soon. It is a perfect combination of game, player and finance. It is the beginning of our brand new Web3.5 spirit disrupting the traditional web2 gaming."
About the9bit
the9bit is a next-generation gaming platform where players can get games including AAA IP console games and mobile titles, complete daily missions, watch ads, post content, and lead communities — all while earning flexible, token-convertible points. It combines a simple Web2 UX with a powerful Web3 engine under the hood: auto-generated wallets, local fiat support, optional KYC, and built-in creator tools make it easy for anyone to join. Visit the9bit.com for more information.
About The9 Limited
The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 is committed to becoming a global diversified high-tech Internet company and is engaged in online games operation and Bitcoin mining business.
View original content:https://www.prnewswire.com/news-releases/the9-gamefi-platform-the9bit-hits-1-million-users-302539705.html
SOURCE The9 Limited
FAQ
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